Assurant (AIZ)
Assurant Tangible Common Equity Ratio: 15.06%
View AIZ Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
AIZ Tangible Common Equity Ratio Rankings
| Overall | 69th percentile | 1325 of 4385 |
| Sector | 42nd percentile | 502 of 871 in Financial |
| Industry | 44th percentile | 5 of 9 in Accident & Health Insurance |
AIZ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 11.11% | Dec 2008 |
| Maximum | 16.86% | Sep 2010 |
| Average | 13.89% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
Learn More
You may also be interested in these AIZ related companies
AIZ News
about 4 days ago by azendrian
about 5 days ago by woowtrading
May 22, 11:10AM Street Insider
May 17, 5:00PM PR Newswire
about 10 days ago by DynamicDividend
May 15, 9:15AM PR Newswire
about 16 days ago by DynamicDividend
May 11, 12:07PM Street Insider
May 11, 12:04PM PR Newswire
Apr 26, 8:15AM Marketwire
about 61 days ago by MarketBrief
about 68 days ago by Steph12
about 68 days ago by DrCharts
about 68 days ago by AlphaoverBetaTrading
about 111 days ago by Assurant
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AIZ | 33.25 | -0.61 | -1.80% | 2.909B |
| AIXG | 14.89 | -0.75 | -4.80% | 1.516B |
| AIV | 26.71 | -0.04 | -0.15% | 3.237B |
| AMD | 6.22 | +0.20 | +3.32% | 4.350B |
| AMCN | 2.35 | +0.14 | +6.33% | 152.07M |
| AMCF | 2.640 | +0.00 | +0.00% | 25.13M |
| AMCC | 5.26 | +0.09 | +1.74% | 321.75M |
| AMBO | 4.58 | +0.06 | +1.33% | 326.46M |
| AMAT | 10.54 | +0.16 | +1.54% | 13.61B |
| AMAP | 11.34 | -0.16 | -1.39% | 555.09M |
